Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$153,275$153,275$197,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$44,635$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%4.919%7.560%
1st payment$714.07$714.07$1,359.50
2nd payment$0.00$334.76$0.00
Taxes / mo$76.42$76.42$76.42
Insurance / mo$150.00$150.00$150.00
MI / mo$121.83$121.83$39.58
HOA / mo$337.00$337.00$337.00
Total monthly$1,399.32$1,734.08$1,962.50
Cash to close$66,625$21,990$21,990